EU to Take Spanish Government
To Court Over Takeover Limits

BRUSSELS -- The European Commission will take Spain to the Court of Justice over the government's use of a law to keep foreign companies from taking over Spanish concerns.

In a statement, the commission said the restrictions imposed by Spain violate EU rules on the free movement of capital across the 15-member group. An EU spokesman said a separate decision involving the Netherlands had been postponed for a week due to bureaucratic...